I've got 60+ trailers with about a 50/50 mix. TK bill's each month are about 2/3's higher than carrier.
Probably that same low 70k range. They on started shooting to the moon last year with the freight boom, inflation, and lack of supply.
My 389 Peterbilt costs over time (same speced) 2018 - $163,000 2021 - $163,500 (bought in December 2020) 2023 - $205,000 (ordered in Nov 2021 received July 2022) 2024 - $245,000 (so I’ve been told for delivery later this year)
Rate that things are going between inflated costs and higher interest rates coming many independents will have a hard time qualifying for financing.
I agree. The return on investment is not there anymore and it’s going to purge a lot of moms and pops and the cycle will restart again. The question is how much pent up demand is there for new trucks and trailers. The manufacturers and megas all say 2023 will not be any better so one has to plan if they plan to stick around they will have to pay up. It’s the struggle I’m going though with a new reefer trailer. I don’t want to buy at the top of market but it seems like this is the market for a while.
No way I could or would drop 300 grand to get in this game right now. I spent the last year shopping for a used van or flatbed and calling on anything that seemed half way reasonable for the age and condition only to hear it was sold. Finally scored a very nice conestoga at a deal of a price this Spring . Took a bad fall shortly after which put everything on hold for the last 3 months and left me watching capacity and rates and question if I should finally dive in . So far I am only all in for $37,000 for my old good condition truck and trailer but between tires all the way around and a lot of minor replacements needing done on the truck I am looking at another $25,000 to head out. I’ve decided between the 2 months wasted working on my truck that I could make $16,000 driving for someone else and the 25 that I need to spend and another 32 000 earned driving until Spring I am back on my fence . After running my nuts off for 6 months for someone else and looking at my sanity and the state of the economy I will than finally crap or get off the pot come Spring.
Just watched a comparison on the news A 500, 000 house , yep thats what they cost these days . 20 % down so financing 400,000 . The payment has gone up $750 a month due to prime rate increase since 2 years ago. That disqualifies a lot of people for mortgages. Feds are chomping at the bit to raise rates another 2.5-3% to try to slow inflation while they endlessly spend and print money. The middle class is dying.
